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elections it was a very tight race between president obama and mitt romney in france we had a new president elected and people followed that in russia there was an election but not much choice and in china there wasn't even the pretended they didn't pretend to elect a new leader they just put someone there and people don't want that people want democracy people want to say people want to play a role in their societies china does not offer that to them in the political sphere and therefore i believe for a long time coming there's not going to be a chinese century while alexander what about the middle class what it said about the middle class because that's the power of the west traditionally. yes i mean the middle class is very strong in the west pretty is right there are problems we have a declining middle class that is something we have to fight but for the time being we are both the most competitive societies and the most equitable societies if you look at the distribution of income in china in russia in brazil you will see that the first the people at the very top they will get so much m
elections it was a very tight race between president obama and mitt romney in france we had a new president elected and people followed that in russia there was an election but not much choice and in china there wasn't even the pretended they didn't pretend to elect a new leader they just put someone there and people don't want that people want democracy people want to say people want to play a role in their societies china does not offer that to them in the political sphere and therefore i...
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Dec 28, 2012
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the election of barack obama i thought was a very positive statement for the country and moving forward in a way out of a fiscal abyss. i could not have imagined a better time to have been here with all of the things that have happened. >> let me ask you to look back over those 12 years and ask what the high point was. >> when we could work together. maybe the single event that would and body that is the gang of 14. john mccain and i put together six other democrats and six other republicans to avoid what was then called the nuclear option, changing the rules, turning the senate into a smaller version of the house, where the rights of the minority caucus are ignored. consequently, we were able to work together that way, crossing party lines, crossing with the id administration wanted done or what the caucus leadership on both sides wanted done, it showed we had a certain independence. i will never forget the late senator robert sitting in an office with us all together, sobbing, saying, we saved the senate. we came to an agreement that we were going to vote to give a judicial appointees
the election of barack obama i thought was a very positive statement for the country and moving forward in a way out of a fiscal abyss. i could not have imagined a better time to have been here with all of the things that have happened. >> let me ask you to look back over those 12 years and ask what the high point was. >> when we could work together. maybe the single event that would and body that is the gang of 14. john mccain and i put together six other democrats and six other...
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Dec 28, 2012
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apart from obama winning a second term, new heads of state have been elected in france, in egypt and japan, south korea and russia. next year, key votes will be held in italy and germany where people will be heading to the polls in a regional election in january. our guest is saying that the vote in lower saxony should be seen as a litmus test for german chancellor angela merkel. a litmus test, alistair, do you think that we can look ahead and see whether or not merkel is going to do well or poorly when she goes to the polls? >> i think markets will be tempted to do that. the key point here, louisa, is that the balance of power in sacksny is also a parallel to the balance of power in germany. it does look like the two main opposition parties could seize power from cdu in lower saxony, despite the fact that they're going to win the plurality. less than 5% in all likelihood, which means they don't get seats in the regional parliament. now, we could see that pattern repeated at the federal level. but at the moment, i have to say opinion polls in germany at the federal level are pointing
apart from obama winning a second term, new heads of state have been elected in france, in egypt and japan, south korea and russia. next year, key votes will be held in italy and germany where people will be heading to the polls in a regional election in january. our guest is saying that the vote in lower saxony should be seen as a litmus test for german chancellor angela merkel. a litmus test, alistair, do you think that we can look ahead and see whether or not merkel is going to do well or...
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Dec 28, 2012
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i hope that president obama, now that he is elected, will do as good a job in tackling tough issues as he did in getting reelected. there are 535 of us and we all have ideas, and in the senate, we probably have 40, 50, or 60 of us who say we are ready to raise revenues and control entitlements. we have said that. the republican leader has said in an editorial in "the wall street journal" that he would be ready to raise revenue. if i had waited for the state legislature to come up with a roads program, we would be driving up on dirt roads. the president has to seize the moment to make a proposal about revenues, and he has to go across this country and say i will give you a very tough -- you will not get your medicare bills paid if we did not deal with that now, and you're not going to like it, but i am here to tell you that we are going to have to do it. if he were to do that, if all of us were saying we are ready to work with you to solve the problem -- he is the president, and just as reagan worked key deals with tip o'neill and bill clinton did on welfare reform and president eisenho
i hope that president obama, now that he is elected, will do as good a job in tackling tough issues as he did in getting reelected. there are 535 of us and we all have ideas, and in the senate, we probably have 40, 50, or 60 of us who say we are ready to raise revenues and control entitlements. we have said that. the republican leader has said in an editorial in "the wall street journal" that he would be ready to raise revenue. if i had waited for the state legislature to come up with...
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Dec 28, 2012
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he said 800 billion is what he said during the election. >> and 6 trillion. >> yeah. >> spending is not the problem. >> no, i agree with you. >> i'm sorry. >> revenue is not the problem. >> yeah. >> it's been a long week, hasn't it? >> good luck on sunday, let's see what happens and we'll have you back afterward and see what's going on. >> let's get the market reaction. eamon hinted at this, and capital growth management and brian kelly, the co-founder of shelter harbor capital. can we bring up that chart again, guys so people can understand what happened today? we are showing you a one-day chart of both the dow, all three, the dow, the nasdaq and the s&p. this is a one-day chart. so harry reid comes out and says, folks, we are going off the cliff and the markets start to tumble and tumble and tumble and tumble and then 3:00 in the afternoon you see the sharp rise up and the house is coming back the in the session on sunday night to do something. we don't know what and the markets managed to get back to flat. so ken heebner, the market seemed to care about the deal getting done. is it g
he said 800 billion is what he said during the election. >> and 6 trillion. >> yeah. >> spending is not the problem. >> no, i agree with you. >> i'm sorry. >> revenue is not the problem. >> yeah. >> it's been a long week, hasn't it? >> good luck on sunday, let's see what happens and we'll have you back afterward and see what's going on. >> let's get the market reaction. eamon hinted at this, and capital growth management and brian...
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Dec 28, 2012
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since he was elected president, barack obama has not invited jesse jackson to the white house once. he is totally completely cutting himself up -- cutting himself off from jesse jackson. no one seems no exact ui except that it appears that there would be a -- the object of jackson being in the white house might give the signal to white voters that obama is and jackson's corner politically. apparently obama doesn't want to do that. see you right, if karl rove was george w. bush's brain, then david axelrod is barack obama's home or. >> his what? >> his home or. >> that's a pretty good line that i wrote there. he is a pretty good homer. >> what do you mean by that? >> what i mean by that is david axelrod is a really and creator of personal stories for politicians. so when barack obama ran in 2008, he didn't have a record to run on because he hadn't done anything. what he did have to run on was his personal story. the son of an african, a black african and a white middle american mother, a man who saw his identity and founded, who was raised by his saintly grandparents and so forth and
since he was elected president, barack obama has not invited jesse jackson to the white house once. he is totally completely cutting himself up -- cutting himself off from jesse jackson. no one seems no exact ui except that it appears that there would be a -- the object of jackson being in the white house might give the signal to white voters that obama is and jackson's corner politically. apparently obama doesn't want to do that. see you right, if karl rove was george w. bush's brain, then...
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barack obama will be re-elected president of the united states. >> we are greater than the sum of our individual ambitions. and we remain more than a collection of red states and blue states. we are and forever will be the united states of america! >> reporter: cue the confetti and say good-bye to 2012 and all its moments, historical and hysterical. candy crowley, cnn, washington. >>> taking inventory in a german zoo. we'll take you to pictures that are capturing our attention today. y setting up the news starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive.
barack obama will be re-elected president of the united states. >> we are greater than the sum of our individual ambitions. and we remain more than a collection of red states and blue states. we are and forever will be the united states of america! >> reporter: cue the confetti and say good-bye to 2012 and all its moments, historical and hysterical. candy crowley, cnn, washington. >>> taking inventory in a german zoo. we'll take you to pictures that are capturing our...
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president obama ran unopposed for his party's nomination and seems like a shoo-in for re-election. >> don't boo. vote. >> reporter: sluggish economy, high unemployment and no clear plan for recovery made the 44th president vulnerable. >> the president's policies have clearly not been successful reigniting this economy, in putting people back to work. >> reporter: earning his party's nomination was not quite as easy for former massachusetts governor mitt romney. after first being declared the winner of iowa caucuses a ballot glitch was discovered and he had to share the win with rick santorum. even though romney went on to win decisive victories in key primary states eventually the republican nominee he emerged from the battle bruised. >> i don't see how a massachusetts liberal will do better. >> he is the worst republican in the country to put up against barack obama. >> reporter: romney's campaign saw several ups and downs but appearing confident and in command during the first debate romney threw president obama off his game with the president delivering a surprisingly shaky perform
president obama ran unopposed for his party's nomination and seems like a shoo-in for re-election. >> don't boo. vote. >> reporter: sluggish economy, high unemployment and no clear plan for recovery made the 44th president vulnerable. >> the president's policies have clearly not been successful reigniting this economy, in putting people back to work. >> reporter: earning his party's nomination was not quite as easy for former massachusetts governor mitt romney. after...
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Dec 28, 2012
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>> you talking to a political analyst, who has political advantage, having won the election if you look at the polls is pretty clear. and republicans get the lion's share of the blame but this is what is missing in this equation. the american people expect president obama will show some leadership and have the ability in the second term to get significant thing is done. if we are locked into a sea of economic uncertainty, it hurts president obama and hurt his ability to do anything else and says we will be locked into gridlock for the entirety of the second term. doesn't want it. dennis: democrats run for reelection, they probably don't want that either. >> i wonder at some point say republicans give in, taxes on millionaires, we are bringing in an extra $90 billion in revenue but still spending $1.1 trillion more than we take in so problems are not solved if we soak the rich. >> the issue, i could make your point stronger, eight billion dollars of spending is how minuscule it is that the reality is for him and the left they said it has got to be shared sacrifice. you have heard that in
>> you talking to a political analyst, who has political advantage, having won the election if you look at the polls is pretty clear. and republicans get the lion's share of the blame but this is what is missing in this equation. the american people expect president obama will show some leadership and have the ability in the second term to get significant thing is done. if we are locked into a sea of economic uncertainty, it hurts president obama and hurt his ability to do anything else...